MSFT 415.85 -0.4643% AAPL 228.66 0.1665% NVDA 145.315 -1.153% GOOGL 175.65 -1.3867% GOOG 177.07 -1.3977% AMZN 202.88 -0.8455% META 564.135 0.5427% AVGO 162.61 -1.6571% TSLA 342.2799 -1.0752% TSM 186.825 -1.5% LLY 754.385 3.3786% V 307.39 -1.4302% JPM 240.935 -0.8865% UNH 601.41 4.2305% NVO 105.52 2.8159% WMT 87.12 0.6005% LVMUY 121.8 -0.5471% XOM 119.97 1.1296% LVMHF 607.0 -0.9465% MA 512.64 -1.3129%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery Rally, One Commodity Expected to Hold Support Level – Crude Oil

Oct 07, 2024

Crude Oil
Investment Type
Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Last week, the metals market exhibited a clear upward trend. Gold displayed resilience, experiencing a slight decline of just 0.01%, while silver recorded a significant increase of 1.82%. Base metals also performed robustly, with copper surging by 5.28% and lead soaring by 1.23%. Zinc also posted gains, rising by 2.36%. This marked contrast to the previous week’s stability highlights a shift toward a more bullish market sentiment.

Last week, natural gas prices remained stable a slight increase of 0.03%, likely driven by supply dynamics and seasonal factors. In contrast, crude oil prices saw a robust rise of 8.88%, indicating strong market confidence. Additionally, U.S. sugar prices in the agricultural sector rose by 1.63%, contributing to a mixed performance across agricultural commodities, as results varied among different sectors.

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